Precious Metals New Thread 2.0

You forgot to mention how naked shorts are the single cause for every wrong prediction. It's the boogieman in the internet the keeps us up at night. Tesla doesn't run on pixie tears? Fuck that then, I'm not paying $90k+ for a battery on wheels unless I can exploit something smaller than me. Am I right or am I right?

 

http://www.cnet.com/roadshow/auto/2018-tesla-model-3-review/

Model 3 will be 35K... poor example

 

Tesla Powerwall Whole Home battery is where the real money is at coming up

 

If they are affordable I'm considering putting one in my home to replace a backup generator. I'd also consider putting up some solar panels to take advantage of the storage.

 

540 to 1

 

I didn't get to how PMs exploration is almost shut down because all the miners are broke from selling below cost....
And how it take 10-20 years to get a new mine on line....
Or how it takes 10 tons of rock to produce 1 oz of gold and how they are mining gold dust....
The grades of the mines are dropping and no new mines are coming on line....
How as you mine the efficiency gets worse and worse...

That's all tin hat stuff.....

How long term silver cost are $70 an oz and it sells for 15...
The cost of gold is $1500 to 1800 and it goes for 1250...
How production is declining.....
How scrap is declining...

supply down and demand is up....

 

You ever watch Yukon Gold

 

yes, very little profit and those mines are high grade...
Most of the mines are mining gold dust not flakes of gold....

 

Some of them seem to make a pretty decent profit...

...

 

Huge profits.

 

yeah the guy leasing the land, makes out great....
Most of them just break even...

 

The bigger outfits out there are running all new equipment while the owners are buying up multimillion dollar properties...

I'm sure that isn't breaking even, though I'm sure their tax statement might say that.

 

Oh , you mean the Crown ?

 

The guy that owns the mineral rights leases out the claims, rents out the equipment and gets a percent of the gold...
He's killing it....

 

You aren't describing Canada. Most of the guys in the Yukon are mining on Crown land. Also, even if it's private land, the land owner holds no resource rights and his lease is determined by a standard rate.

Most of the operations own their own equipment and do not give a cut to the land owner.

 

^

 

Can Stevie explain where demand is coming from? Like oh say 200k plus order for Tesla's latest Model 3 drives the price of the stock from $150ish to $250ish a share, now that's considered "demand". There is no "demand" for gold otherwise it'd be going straight up. Same for silver.

 

It's the mineral rights just like here in the states....
http://marketrealist.com/2015/06/gold-miners-potential-generate-free-cash-flows/
Free cash flow generation
Gold miners have reduced their all-in sustaining costs (or AISC) significantly since 2013. So even at a gold price level of $1,200 per ounce, many of them are breaking even, and some of them are even making money. Barrick Gold (ABX), Goldcorp (GG), and Newmont Mining (NEM) are some of those companies.

You will find all kinds of statements like this around mining and every year the PMs prices goes down so does their current cost...
When you look at the financials short term cost may be at break even but long term cost are at a loss...
Because they are incorporated and most break even to sell stocks...
At these prices they are going into big debt, they have been borrowing money to stay open for 4 years..
Exploration is expensive and time consuming...
That's why the miners have had to stop or slow down exploration...

 

More LIES from your pal Stevie in the parts department. The all in cost to mine an ounce of gold is around $700 an ounce.

Seriously, do you just pull these figures out yer ass?

 

Who do you think owns the mineral rights on Crown Land ?